Snowflake (SNOW) Stock: $240 Price Target From Atlantic Equities

Apr 4th, 2022 9:18 EST
  • The shares of Snowflake Inc (NYSE: SNOW) have received a $240 price target from Atlantic Equities. These are the details.

The shares of Snowflake Inc (NYSE: SNOW) have received a $240 price target from Atlantic Equities. And Atlantic Equities analyst Peter Sazel initiated coverage of Snowflake with a “Neutral” rating.

Sazel noted that Snowflake has one of the strongest competitive positions and it benefits from a unique value proposition, dominant market share, and a long runway for growth. But Sazel believes this is adequately reflected in the stock price and he would not be a buyer at current levels. Currently, Sazel believes the stock is priced for perfection.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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